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Principal Insurance set for office move, creates 30 new jobs

Manchester-based Principal Insurance is speeding up its expansion with an impending move to a new headquarters capable of housing a bigger workforce.

The fast-growing insurer will move next month to Citygate, a revamped building located just a few hundred yards away from the company’s existing head office in Sale, the Manchester Evening News reported.

The new headquarters is three times the size of the present office and will fit the needs of the insurer’s growing workforce that has doubled in the past 18 months, according to the report.

Principal Insurance is expecting to open 30 new jobs within the next two years, increasing the Manchester staff to 70.

The insurer would also create more roles at its Dublin offices and specialist motor broking unit in Lancaster.

The transaction brings more than 2,000 motorcycling policyholders to Principal, which also acquired BikeTeam from iGo4 and Simply Insurance’s motorcycle book earlier this year, according to the Manchester Evening News.